We Analyzed Shopify Inc. ($SHOP) – Here’s What We Found (2019-10-17)

REPORTING FOR 2019-10-17 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how SHOP has been trading over the last 2 weeks and the past day especially. On its latest session, Shopify Inc. ($SHOP) opened at 342.01, reaching a high of 343.65 and a low of 322.24 before closing at a price of 323.64. There was a total volume of 2464766.

VOLUME INDICATORS FOR SHOPIFY INC. ($SHOP): We saw an accumulation-distribution index of 9478.30403, an on-balance volume of 346.08, chaikin money flow of 25.10976 and a force index of 132.8438. There was an ease of movement rating of -0.03678, a volume-price trend of -0.69142 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SHOPIFY INC. ($SHOP): We noted an average true range of 8.89193, bolinger bands of 363.31902, an upper bollinger band of 302.62098, lower bollinger band of 322.24, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 335.96667, high band keltner channel of 334.32667, low band keltner channel of 337.60667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 322.24, a donchian channel low band of 322.24, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SHOPIFY INC. ($SHOP): We calculated a Moving Average Convergence Divergence (MACD) of 0.48147, a MACD signal of 0.26749, a MACD difference of 0.21399, a fast Exponential Moving Average (EMA) indicator of 322.24, a slow Exponential Moving Average (EMA) indicator of 322.24, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.36007, a trix of -2.01829, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 0.43757, a KST Oscillator (KST) of -1.35607 and a KST Oscillator (KST Signal) of -1.35607 (leaving a KST difference of 16.6265). We also found an Ichimoku rating of 342.83, an Ichimoku B rating of 342.83, a Ichimoku visual trend A of 337.68482, an Ichimoku visual trend B of 346.82113, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR SHOPIFY INC. ($SHOP): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 52.46352, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -2.26341, a stochastic oscillator of 1305.4878, a stochastic oscillator signal of 1305.4878, a Williams %R rating of 1205.4878 and an awesome oscillator of -1.9095.

RETURNS FOR SHOPIFY INC. ($SHOP): There was a daily return of -0.13561, a daily log return of 6.44726 and a cumulative return of 6.65963.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-17 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Shopify Inc. ($SHOP)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Shopify Inc. ($SHOP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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